Tag: Nigeria

Nigerian Bottling Company converts Enugu plant into a logistics, distribution hub

BUSINESS
The Nigerian Bottling Company (NBC), the Nigerian subsidiary of Coca-Cola Hellenic Bottling Company (NBC) has converted its Enugu bottling operation into a hub for material handling and logistics for the region. The company said that its decision to transform the bottling operation into a logistics and distribution hub was due to the desire to deliver better value to its esteemed consumers and trade partners not only in Enugu State but in the entire South-East region. The Acting Director, Public Affairs & Communications, Mr. Ekuma Eze, disclosed that the development is in line with the holistic strategy to reposition the company’s operation for better efficiency and accelerate the business transformation plan. “The repurposing of some NBC facilities across Nigeria, Enugu inclusive, is

Lagos State to address issues of consumption of unwholesome fruits, vegetables

BUSINESS
Lagos State Government has commenced the process of ensuring that the fruits and vegetable sector in the State is sanitised in order to guarantee the safety of consumers. To this end, the Lagos State Consumer Protection Agency (LASCOPA), in collaboration with other relevant Ministries and Agencies of Government, has initiated a project to ensure that the handling, packaging, and display of vegetables and fruits are done in accordance with acceptable standards. Speaking at the inauguration of the committee members recently at Ikeja, the General Manager of LASCOPA, Mrs. Kemi Olugbode said that the essence of the committee is to technically look into ways and means of managing the prevalent issues in the handling and marketing of fruits and vegetables so as to ensure that only healthy product...

Viju unveils more flavours to its line-up of fruit-flavoured milk drinks

BUSINESS
Leading dairy company, Viju Industries Nigeria Limited has added two new flavours to its roster of fruit-flavoured milk drinks – Viju Malt & Milk drink and Viju Baked Yoghurt drink. According to the firm, the products which were launched just before the holiday season, was part of its commitment towards providing high-quality products to the Nigerian market. Speaking at the launch in Lagos, the Assistant Chairman, Viju Industries, Tom Hu, said that the new products are as a result of the company’s redoubled efforts to return to the Nigerian market with richer products of better quality and service. Viju is one of the pioneers of the fruit-flavoured fruit drinks concept in the Nigerian market and has experienced strong growth in the segment. Hu said the unveiling is coming nearly after

Update on the fire incident at Guinness Nigeria factory in Aba

BUSINESS
Guinness Nigeria Plc suffered a fire outbreak at its facility in Aba, Abia State on Friday, 18th January. However, after several hours of battling the flames, it was brought under control by the Aba Fire Service, with the material assistance and support from nearby companies. In a released statement on Saturday, Guinness Nigeria shad this to say: “On the 18th of January 2018, there was a fire outbreak at the Aba premises of Guinness Nigeria Plc located in Osisioma Industrial Layout. The fire which did not affect any of the buildings on site was swiftly contained and put under control by men of the Aba Fire Service Department with assistance from neighbouring companies. “Fortunately, there were no injuries or major material loss resulting from the incident as the Aba premises currently serv

Dano Milk signs Nollywood actress Rachael Okonkwo as brand ambassador

BUSINESS
Nollywood actress, dancer, model and philanthropist, Rachael Okonkwo popularly known as ‘Nkoli Nwa Nsukka’ has been signed on to Dano milk as brand ambassador. The signing ceremony which held on the 17th of January, 2018 at the company’s office premises signifies the start of a vibrant collaboration between Dano milk and Rachael Okonkwo who brings vitality, style and grace to everything she does. This collaboration has come at a time when the brand is making great leaps and taking critical in-roads into the Nigerian market space. The Dano brand is excited to have her on board – her influence as a rave-making sensation will have a positive impact on the brand and also inspire Nigerians and expose them to the quality, healthy and natural product range. Dano Milk is a brand of Arla Foods, a f

Guinness Nigeria Aba brewery engulfed in flames

BUSINESS
Flames engulfed parts of Guinness Nigeria Plc Aba brewery on Friday as fire fighters from the Aba and Umuahia Fire Service and nearby companies fought hard to contain the fire from spreading. According to the News Agency of Nigeria (NAN), the fire started at about 11am on Friday and wasn’t contained until 6:46pm. The Aba Fire Service said they met some challenges at the scene, which included inadequate water to fight the flames. They reached out to the Umuahia Fire Service, which sent back-up. They also received support from nearby companies as well as the Nigerian National Petroleum Corporation (NNPC) which provided a foaming agent that helped contain the fire. Speaking at the scene, Okezie Uche, Aba Fire Service Commander, said that “Poor house-keeping” might have been responsible for th

New video of ‘fake’ Amstel Malta is misleading, says Nigerian Breweries

BUSINESS
Nigerian Breweries Plc, makers of a wide range of alcoholic and non-alcoholic beverages has reassured consumers of its Amstel Malta that there are no fakes in the market. The statement from the brewing company was prompted by a video purportedly in circulation on social media claiming the existence of a fake Amstel Malta in the market. In a statement, the company said, “The attention of Nigerian Breweries Plc has been drawn to a video circulating on some social media platforms alleging the existence of a ‘fake’ Amstel Malta in the market. This claim is based on the fact that there are differences in the NIS Logo on the Amstel Malta packaging. “We wish to clarify and assure all our valued consumers and lovers of Amstel Malta that there is no fake Amstel Malta in the market.” Explaining furt

Alcohol ban is not against Nigeria’s constitution – Kano State Hisbah DG

BUSINESS
The Kano State Government has said that the ban of alcohol sales in the state does not contradict Nigeria’s constitution. Dr. Abba Sufi, Director-General, Kano State Hisbah Board, an agency of the state government made the comments while responding to questions surrounding the recent seizure and destruction of over 30 trailer loads of beer in Kano State during the Christmas period. He said that there is a State law which was passed by the Kano State House of Assembly in 2004 prohibiting the sale and consumption of alcohol in the state, adding that although there is no place in the constitution of the Federal Republic of Nigeria banning the sale and consumption of alcohol, there is a state law which prohibits its consumption and sale. He noted that this law must be respected by all resident

Nigerian Stock Exchange downgrades NB’s Stock to Medium-Priced Status

BUSINESS
The Nigerian Stock Exchange (NSE) on Tuesday reclassified Nigerian Breweries stock from its special status of high-priced stock to medium-priced stock after the leading brewer’s stock price fell below the required threshold for continuing to be held as a high-priced stock. In a circular, the Exchange said that a review of Nigerian Breweries price trade activity in the last six months provided the basis for the reclassification of the company’s stock from high-priced to medium-priced. The NSE classifies quoted companies into three categories, high-priced, medium-priced and low-priced, based on their market price. High-priced stocks consists of large-cap equities that are priced at N100 per share or above for at least four of the last six months, or new security listings that are priced at N

Zim Delta Beverages raises beer prices by 25% as inflation soars

BUSINESS
Delta Beverages of Zimbabwe announced on Monday that prices for its beers would go up by 25% as it tries to stem escalating prices of local materials and services. Delta which is 40% owned by AB InBev and 14% by Old Mutual Zimbabwe, said that the price increase was effective from Monday. However, it added that it had not made a decision on new pricing for its soft drinks and other products. Annual inflation in Zimbabwe hit a 10-year high of 31% in November following price rise of basic goods. Last week, Delta said that it would no longer accept bond notes with effect from 4th January, but would instead charge wholesale and retail customers in U.S. dollars only. The company said at the time that its business has been negatively impacted by shortages of foreign currency, which in turn had ad...